Trader's Queries - Bank Nifty!
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Query : Sorry to bother you , but i had a query as i bought the banknifty 6th JUL 23300 PE 30 excpeting to move upwards, but now its trading at 4.85 .so i just wantedto understand , if there is a high possibility for the banknifty to start going down to 23300 level tomorrow ? could you please help me understand this.?
Answer : I dont know options. But I can write my analysis about banknifty's tomorrow movement (6th july)As per my last post banknifty hit 2 targets upside forming an ascending triangle. Buy above 23380 with the stoploss of 23345. Targets are 23450, 23530 and 23600. On failing to sustain above 23380, banknifty will move towards 23330, 23270 and 23240.
Answer : I dont know options. But I can write my analysis about banknifty's tomorrow movement (6th july)As per my last post banknifty hit 2 targets upside forming an ascending triangle. Buy above 23380 with the stoploss of 23345. Targets are 23450, 23530 and 23600. On failing to sustain above 23380, banknifty will move towards 23330, 23270 and 23240.
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